Israel, UAE Finalize ‘Milestone’ Free Trade Deal

Israel, UAE Finalize ‘Milestone’ Free Trade Deal
Containers carrying goods from the United Arab Emirates, which entered Israel on an MSC cargo ship, are unloaded with a cargo crane bearing Israeli and Emirati flags at Haifa's port, northern Israel, on Oct. 12, 2020. Amir Cohen/Reuters
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JERUSALEM—Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel’s Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing ties in 2020.

The UAE and Israel have between $600 million and $700 million in bilateral trade, UAE’s economy minister Abdulla Bin Touq Al Marri said in September.